Pallas Capital Advisors LLC Invests $699,000 in TransUnion (NYSE:TRU)

Pallas Capital Advisors LLC acquired a new position in shares of TransUnion (NYSE:TRU - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,555 shares of the business services provider's stock, valued at approximately $699,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC grew its stake in TransUnion by 237.5% in the 1st quarter. Larson Financial Group LLC now owns 486 shares of the business services provider's stock valued at $39,000 after acquiring an additional 342 shares during the period. Quarry LP increased its stake in shares of TransUnion by 963.0% during the second quarter. Quarry LP now owns 574 shares of the business services provider's stock worth $43,000 after purchasing an additional 520 shares in the last quarter. National Bank of Canada FI raised its position in shares of TransUnion by 22.3% during the 2nd quarter. National Bank of Canada FI now owns 910 shares of the business services provider's stock worth $66,000 after purchasing an additional 166 shares during the last quarter. Blue Trust Inc. lifted its stake in TransUnion by 156.6% in the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider's stock valued at $68,000 after buying an additional 523 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in TransUnion during the 2nd quarter worth approximately $75,000.

TransUnion Stock Down 1.7 %

Shares of NYSE TRU traded down $1.76 during midday trading on Thursday, hitting $101.30. The company's stock had a trading volume of 1,846,728 shares, compared to its average volume of 1,589,668. TransUnion has a 1 year low of $43.39 and a 1 year high of $113.17. The business's fifty day simple moving average is $102.13 and its two-hundred day simple moving average is $86.31. The firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of -70.98, a price-to-earnings-growth ratio of 1.35 and a beta of 1.62. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 1.68.

TransUnion (NYSE:TRU - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same period last year, the firm earned $0.80 earnings per share. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts predict that TransUnion will post 3.46 EPS for the current year.

TransUnion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 23rd were paid a $0.105 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.42 dividend on an annualized basis and a yield of 0.41%. TransUnion's dividend payout ratio is currently -29.37%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $121.00 price target on shares of TransUnion in a research note on Thursday, October 24th. Morgan Stanley upped their target price on shares of TransUnion from $103.00 to $119.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Oppenheimer raised their price target on shares of TransUnion from $118.00 to $122.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. UBS Group began coverage on shares of TransUnion in a research note on Tuesday, October 1st. They set a "neutral" rating and a $110.00 price objective for the company. Finally, Robert W. Baird boosted their target price on TransUnion from $104.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $104.53.

Insiders Place Their Bets

In other news, EVP Timothy J. Martin sold 2,500 shares of the firm's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $104.59, for a total value of $261,475.00. Following the sale, the executive vice president now directly owns 46,739 shares in the company, valued at approximately $4,888,432.01. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Timothy J. Martin sold 2,500 shares of TransUnion stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $104.59, for a total transaction of $261,475.00. Following the sale, the executive vice president now directly owns 46,739 shares in the company, valued at $4,888,432.01. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Todd C. Skinner sold 2,900 shares of TransUnion stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $85.58, for a total value of $248,182.00. Following the sale, the insider now owns 27,729 shares in the company, valued at $2,373,047.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,715 shares of company stock worth $1,209,589 in the last 90 days. Corporate insiders own 0.22% of the company's stock.

TransUnion Profile

TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates through U.S. Markets, International, and Consumer Interactive segments. The U.S. Markets segment provides consumer reports, actionable insights, and analytic services to businesses, which uses its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and mitigate fraud risk.